Mastercard creates 1,500 jobs to treble Irish staff count

One and Two South County buildings will be at the heart of a new tech campus site in Leopardstown, South Dublin.

Credit card giant Mastercard will treble its workforce in Ireland by adding up to 1,500 jobs at its global technology hub in Dublin over the next three to five years.

The US company, which currently employs over 650 staff in Ireland, has had a presence in Dublin since 2008 and set up its research and development arm, Mastercard Labs, there eight years ago.

“Our Dublin Tech Hub is an innovation engine for our company across Europe and beyond”

As a leader in payments technology, Mastercard is to grow its workforce with notable investments in its artificial intelligence, cyber security, blockchain, user experience teams, and more.

In line with its expansion plans, Mastercard will be taking on additional office space at One and Two South County, a newly built campus site in Leopardstown, South Dublin, not far from Mastercard’s current home, which will hold up to 2,500 staff.

“Ireland’s position as a leading global financial centre includes a strong record of success in the payments sector”

Discussing the company’s plans to grow its Irish base, Ed McLaughlin, president of Mastercard operations and technology said: “Our Dublin Tech Hub is an innovation engine for our company across Europe and beyond, and we’re delighted to be expanding our technology footprint in the city.

“Our new campus will help us continue to attract the best and brightest tech talent, so that we stay on the forefront of emerging tech trends and are well positioned to forge the future of digital commerce across the globe.”

Martin Shanahan, chief executive at IDA, added: This expansion of Mastercard’s new European Technology Hub, creating 1500 jobs, is excellent news and demonstrates a substantial commitment to Ireland, making it a key location in the company’s global operations.

“Ireland’s position as a leading global financial centre includes a strong record of success in the payments sector. This substantial investment and build out of Mastercard’s operations in Dublin is a further strong endorsement of Ireland’s standing in International Technology Services and its offering to companies considering locating here,” he added.

Foreign multinationals, particularly in the technology sector, employ about a quarter of a million people in Ireland, accounting for ten per cent in the fast-growing economy.

By Stephen Larkin

Published: 24 February, 2020